Consumer & Commercial Payments
April 26, 2024
Sokin, the new payments-focused fintech, has launched Sokin Enterprise, its global payments platform that supercharges business payments and FX transfers via multi-currency IBAN accounts.
With businesses demanding more value from their banking relationships, Sokin has introduced this innovative solution that enables enterprises to enjoy unlimited payments and FX services for a transparent fixed fee, with no hidden charges. Sokin Business Payments offers enterprises faster, more convenient payments and instant settlement, with all accounts safeguarded by Sokin’s network of global banking partners.
Sokin is onboarding its first tranche of business customers, which includes Fulham Football Club and several large clients, with Sokin Enterprise going live on April 16th, 2021. It will initially be rolled out across the UK and Europe, with Canada and other markets set to follow later this year.
This is just the start for Sokin. The company is working on additional B2B products for sole traders and SMEs, and from June 2021 it will offer consumers unlimited international money transfers and payments with no mark-up on transactions. Sokin is developing a transformative Embedded Finance platform, that looks to rethink the payments ecosystem- from the onboarding of customers to instant payments – all in its advanced peer-to-peer mobile app.
Vroon Modgill, CEO, Sokin, said: “When it comes to making payments, businesses have long suffered from high fees and time-consuming transactions. We’re passionate about providing better business accounts for local and international payments, especially as the global economy works hard to recover from the impact of the pandemic.”
“With Sokin Enterprise one flat fee covers everything that a corporation needs to do in terms of payments and FX, we’re focused on creating an Embedded Finance platform that connects businesses and consumers seamlessly. We’re also developing products for sole traders and SMEs so that we can service all sizes of business.”
Sokin, which counts international football icon Rio Ferdinand as a lead investor, has put in place agreements with Mastercard in Europe, Asia and North America, and will offer payments in 35+ currencies.
Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.
We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.
Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.
Please click the button below which relates to the issue you’re having.
Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association
Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.
For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.
The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.
Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.
Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.
For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.
